You'll need to sign in or create an account to connect with an expert.
Yes, to file a complete and accurate tax return you need to include any amount of interest income you received for the year. There is not a minimum threshold that must be met before it is required to be reported.
There is a minimum reporting requirement for the bank to determine whether a Form 1099-INT is issued. You will report your interest income as if you did receive the Form 1099-INT with the income reported in box 1.
Use these steps to go to the interest income section of your return:
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
hgm2023
New Member
sam992116
Level 4
raymond4938
New Member
sam992116
Level 4
thwclw
Level 1
Want a Full Service expert to do your taxes?